Measures of liquidity, Solvency, and Profitability The comparative financial statements of Marshall Inc. are as...

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Accounting

Measures of liquidity, Solvency, and Profitability

The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 68 on December 31, 20Y2.

Marshall Inc.
Comparative Retained Earnings Statement
For the Years Ended December 31, 20Y2 and 20Y1
20Y2 20Y1
Retained earnings, January 1 $3,877,450 $3,280,450
Net income 900,000 671,900
Dividends:
On preferred stock (11,200) (11,200)
On common stock (63,700) (63,700)
Retained earnings, December 31 $4,702,550 $3,877,450

Marshall Inc.
Comparative Income Statement
For the Years Ended December 31, 20Y2 and 20Y1
20Y2 20Y1
Sales $5,552,015 $5,115,360
Cost of merchandise sold 2,195,110 2,019,500
Gross profit $3,356,905 $3,095,860
Selling expenses $1,066,470 $1,357,250
Administrative expenses 908,475 797,110
Total operating expenses $1,974,945 $2,154,360
Income from operations $1,381,960 $941,500
Other revenue and expense:
Other revenue 72,740 60,100
Other expense (interest) (432,000) (237,600)
Income before income tax expense $1,022,700 $764,000
Income tax expense 122,700 92,100
Net income $900,000 $671,900

Marshall Inc.
Comparative Balance Sheet
December 31, 20Y2 and 20Y1
20Y2 20Y1
Assets
Current assets:
Cash $1,322,440 $941,810
Marketable securities 2,001,530 1,560,720
Accounts receivable (net) 1,080,400 1,014,700
Inventories 803,000 613,200
Prepaid expenses 250,187 188,360
Total current assets $5,457,557 $4,318,790
Long-term investments 1,528,798 382,855
Property, plant, and equipment (net) 6,480,000 5,832,000
Total assets $13,466,355 $10,533,645
Liabilities
Current liabilities $1,653,805 $1,976,195
Long-term liabilities:
Mortgage note payable, 8% $2,430,000 $0
Bonds payable, 8% 2,970,000 2,970,000
Total long-term liabilities $5,400,000 $2,970,000
Total liabilities $7,053,805 $4,946,195
Stockholders' Equity
Preferred $0.70 stock, $50 par $800,000 $800,000
Common stock, $10 par 910,000 910,000
Retained earnings 4,702,550 3,877,450
Total stockholders' equity $6,412,550 $5,587,450
Total liabilities and stockholders' equity $13,466,355 $10,533,645

Required:

Determine the following measures for 20Y2, rounding to one decimal place, except for dollar amounts, which should be rounded to the nearest cent. Use the rounded answer of the requirement for subsequent requirement, if required. Assume 365 days a year

11. Asset turnover fill in the blank 11
12. Return on total assets fill in the blank 12 %
13. Return on stockholders equity fill in the blank 13 %
14. Return on common stockholders equity fill in the blank 14 %
15. Earnings per share on common stock $fill in the blank 15
16. Price-earnings ratio fill in the blank 16
17. Dividends per share of common stock $fill in the blank 17
18. Dividend yield fill in the blank 18 %

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